Homework Chpt 11 - S11-9 (5-10 min) Req. 1 Comulative Req....

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S11-9 (5-10 min) Req. 1 Comulative Req. 2 Platinum's preferred stock dividend for 2010 $5,200 Platinum's common stock dividend for 2010 $9,800 Req. 3 Platinum's preferred stock dividend for 2013 $15,600 Platinum's common stock dividend for 2013 $9,400
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S11-11 (5-10 min) Rate of return on total assets = 17.2% Rate of return on common stockholders's equity = 32.3% They are fairly high
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P11-27A (10-20min) Req. 1 Seperation of propiertership and management is a very notable reason. Req. 2 Common Stock Req. 3 About 40,000 shares in order to rais 2,000,000
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P11-31A (15-20 min) Req. 1 Journal Entry Accounts Debit Credit a. Cash 63,000 Preffered Stock (1,400 shares X $45 par) 63,000 b. Cash 6,900 Common Stock (2,300 shares X $2 par) 4,600 Paid-in capital excess of par common [2,300 shares X ($3-$2) 2,300 c. Net Income 79,000 Req. 2 Stockholders' Equity Paid–in Capital: Preferred stock, 5%, 45 par, 140,000 shares authorized, 1,400 isuused and outstanding $63,000 Common stock, $2 par, 525,000 shares authorized, 64,300 shares issued and outstanding
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This note was uploaded on 08/09/2011 for the course ACCOUNTING --- taught by Professor --- during the Spring '11 term at Universidad Iberoamericana.

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Homework Chpt 11 - S11-9 (5-10 min) Req. 1 Comulative Req....

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